UP003 - a proposal to establish a UNI grants program is the first @UniswapProtocol governance proposal to meet quorum and pass!
And it wasn't even close, exceeding the approval threshold by more than 20M votes:
✅ YES - 60,088,813 (99.99%)
❌ NO - 9,300 (0.01%)
And it wasn't even close, exceeding the approval threshold by more than 20M votes:
✅ YES - 60,088,813 (99.99%)
❌ NO - 9,300 (0.01%)
Thrilled that this is the first proposal to pass.
A resounding message from the Uniswap community in favor of funding developers and contributors.
Which reminds me - everyone complaining about slow governance is either concern trolling or missing the point.
A resounding message from the Uniswap community in favor of funding developers and contributors.
Which reminds me - everyone complaining about slow governance is either concern trolling or missing the point.
On-chain governance is not a panacea. It opens up new risks and trust assumptions that do not exist in immutable, automated systems.
This is why Uniswap is highly automated and governance-minimized.
It's no coincidence the biggest project on Ethereum follows this ethos.
This is why Uniswap is highly automated and governance-minimized.
It's no coincidence the biggest project on Ethereum follows this ethos.
On-chain governance should be used to give a community control of the direction and development of a project, and to fill gaps that market forces, automation, and immutability cannot.
Decentralized financial protocols that achieve the right balance will be unstoppable 🚀
Decentralized financial protocols that achieve the right balance will be unstoppable 🚀
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